GBPCAD has broken short term trendline

FX:GBPCAD   British Pound / Canadian Dollar
54 3
Price has broken above the trendline and looks to be retesting as support.

Bullish engulfing signal with a long lower tail, Looks bullish .
Trade closed: stop reached: Great idea, but SL too tight. Should have put SL below the swing low
Hello mate, thanks for sharing your idea. I think you are right. I would maybe take the profit target little bit sooner.
Best of luck!

*You can have a look at some of my analysis at my profile if you would like. I publish them every day.
MrVolcano Trader_Dale
@Trader_Dale, You're welcome Dale. As it happened, my SL was too tight. Should have really tucked it below the swing-low, but the idea was sound.
@MrVolcano, It was a good idea, yea SL should be wider but nevermind.
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